This article reviews recent developments in revealed preference theory. It discusses the testable implications of … theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments …, subjected expected utility and maxmin expected utility in the presence of uncertainty, and exponentially discounted utility for …

because of inconsistencies in revealed preferences across behavioral frames. We adapt theories of expected utility …

deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a …We propose a new measure of deviations from expected utility, given data on economic choices under risk and uncertainty … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …

deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a …We propose a new measure of deviations from expected utility, given data on economic choices under risk and uncertainty … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …

This paper studies when stochastic choices are consistent with behavior from Bayesian expected utility maximization and … there is no random deviation rule that improves ex-ante expected utility for all possible information structures consistent …

problems. More generally, estimation of sufficient statistics requires theory-based reduced form econometrics. Sufficient …